The IRS Voluntary Disclosure Practice, operated under Internal Revenue Manual 9.5.11 ¹, provides a path for taxpayers with potential willful tax non-compliance to come into compliance and obtain protection from criminal prosecution. Updated in 2018 and again in June 2024 (with revised Form 14457 ²), the VDP is the primary tool for taxpayers whose conduct was beyond the "non-willful" threshold but who want to avoid the catastrophic consequences of criminal investigation.
Continue reading · Free, verified sign-up
You've read the first three minutes.
The rest is free. Verify your email to continue.
We send a six-digit code to your inbox. Enter the code below to unlock the full essay and every other essay in the archive. The Journal arrives quarterly. Nothing else.
· Verified emails only· Disposable addresses blocked· Unsubscribe in one clickThe KGOB Journal · Est. 2018